Reuters
After their meeting five weeks ago, U.S. Federal Reserve officials nodded to higher Treasury bond yields as something that could slow the economy and help their inflation fight - if they persisted. They have been declining steadily since, with the yield on the 10-year Treasury falling from more than 4.9% when the Fed ended its meeting on Nov. 1 to below 4.2% on Tuesday. Stocks have rallied, too, with the S&P 500 up nearly 8% since then, also a potential headache for central bankers who want financial conditions to remain tight to keep a brake on economic activity and pull inflation lower.